Vulcan Materials (VMC)

• Market cap: $34.7B
• 1 day: 0.85%
• 5 days: -4.73%
• 1 month: -5.28%
• 3 months: 4.40%
• 6 months: 6.76%
• Year to date: 17.68%
• 1 year: 18.97%
• 5 years: 85.60%
• 10 years: 298.14%
• Sector: Materials
• Industry: Mining & Quarrying of Nonmetallic Minerals, Except Fuels

About: Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2023, Vulcan sold 234.3 million tons of aggregates, 13.4 million tons of asphalt mix, and 7.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

Employees: 10,382

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

77% more call options, than puts

Call options by funds: $110M | Put options by funds: $62.2M

36% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 86

19% more repeat investments, than reductions

Existing positions increased: 328 | Existing positions reduced: 276

4% more funds holding

Funds holding: 836 [Q2] → 867 (+31) [Q3]

2% less capital invested

Capital invested by funds: $30.3B [Q2] → $29.7B (-$672M) [Q3]

2.56% less ownership

Funds ownership: 92.32% [Q2] → 89.76% (-2.56%) [Q3]

21% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 11 (-3) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $285 8% upside
• Avg. target: $310 18% upside
• High target: $349 33% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

JP Morgan Adrian Huerta 0% 1-year accuracy 0 / 4 met price target	10% upside $290	Neutral Maintained	27 Nov 2024
UBS Steven Fisher 61% 1-year accuracy 17 / 28 met price target	33% upside $349	Buy Initiated	7 Nov 2024
Truist Securities Keith Hughes 61% 1-year accuracy 31 / 51 met price target	20% upside $315	Buy Maintained	1 Nov 2024
Barclays Adam Seiden 63% 1-year accuracy 12 / 19 met price target	8% upside $285	Overweight Maintained	29 Oct 2024